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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: double-plus-good who wrote (51464)	9/20/1999 1:44:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Yes, EnP's falling on very light volume today. Individual "traders" panicking before earnings that are sure to beat estimates. PT Barnum was absolutely right about one being born every minute. Oh well, it's turning out great for my Roth to put all the profits to work after selling the drillers late last week. gimme-gimme-gimme!!

To: double-plus-good who wrote (51464)	9/20/1999 2:17:00 PM
From: still learning	Read Replies (2) \| Respond to of 95453

++good, what are your price points for buying: CHK, CRK, KEG Re FGI, not much has been said about HLX, which has held up well, especially since the deal was repriced in their favor. While FGI has indeed shown weakness, once the deal closes HLX will bring some stability and new impetus to the stock, I think. WRT FGI/UFAB/GIFI and other "laggards" I'd be interested to hear Sliders views on them, since he seems to focus on laggards as a rule. What differentiates a laggard from a dog in this case? Granted FGI was due for some damage, but hasn't the damage already been done?

To: double-plus-good who wrote (51464)	9/20/1999 2:33:00 PM
From: in_outdaily	Read Replies (1) \| Respond to of 95453

Re FGI: The biggest problem I see with this company is the announcement that the CEO is retiring. I suspect that this hangs as a cloud over the typical investor's head for 3 reasons: 1. Lack of continuity of leadership 2. The CEO huge % ownership may further depress the stock when he decides to sell. 3. Backlog Combine that with this merger and you get $10 FGI stock. If you're long term, I suspect that FGI under $10 will pay handsomely after the 3 above issues are resolved. BTW: I'm long HLX... Loved trading FGI earlier this year! My 2cents Bill

To: double-plus-good who wrote (51464)	9/20/1999 3:09:00 PM
From: dfloydr	Read Replies (2) \| Respond to of 95453

Double, you raise a good point. The "ironclad", "bet on it", case for smaller gas producing E&P's is being challenged in the market place. Not only are the stock prices doing poorly, the price of gas itself has nosedived some 20% over the last few days. All without OPEC doing any cheating <vbg>. This in the face of all contentions that gas wells are generally short lived and drilling has been at such low levels that we will have trouble meeting demand, yata, yata,... buy MEXP, OEI, TMR, TEXP, RRC, etc. etc.... A test for the thread: answer any of the following: 1. What warp factors are present in the market place to explain this behavior? 2. The price of gas is way down. In a free market price reflects all available knowledge about a commodity. Therefore we do not have a pending gas shortage. True or false? 3. We have a pending gas shortage but due to ____________ we are seeing prices plunge. Fill in the blank. Please limit answers to no more than one blue exam book ;-)